Cross Staff Investments Inc Trims Stock Position in Exxon Mobil Co. (NYSE:XOM)

Cross Staff Investments Inc trimmed its holdings in Exxon Mobil Co. (NYSE:XOM) by 1.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,265 shares of the oil and gas company’s stock after selling 118 shares during the period. Cross Staff Investments Inc’s holdings in Exxon Mobil were worth $1,026,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XOM. International Assets Investment Management LLC lifted its position in shares of Exxon Mobil by 10,221.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,917,763 shares of the oil and gas company’s stock valued at $491,678,000 after buying an additional 4,870,115 shares in the last quarter. FMR LLC lifted its holdings in Exxon Mobil by 3.0% during the third quarter. FMR LLC now owns 145,199,301 shares of the oil and gas company’s stock valued at $17,072,534,000 after purchasing an additional 4,162,149 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Exxon Mobil during the third quarter worth about $295,515,000. Canada Pension Plan Investment Board raised its position in shares of Exxon Mobil by 21,620,510.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,162,061 shares of the oil and gas company’s stock worth $254,215,000 after purchasing an additional 2,162,051 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Exxon Mobil by 650.5% in the 4th quarter. Jennison Associates LLC now owns 1,864,895 shares of the oil and gas company’s stock worth $186,452,000 after buying an additional 1,616,417 shares during the last quarter. 61.80% of the stock is owned by institutional investors and hedge funds.

Exxon Mobil Trading Down 2.1 %

NYSE:XOM traded down $2.55 on Friday, hitting $118.78. 19,625,715 shares of the stock were exchanged, compared to its average volume of 18,111,320. The company has a current ratio of 1.48, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Exxon Mobil Co. has a fifty-two week low of $95.77 and a fifty-two week high of $123.75. The stock has a market cap of $470.16 billion, a PE ratio of 13.11, a PEG ratio of 4.16 and a beta of 0.96. The stock has a fifty day moving average of $113.04 and a 200-day moving average of $106.62.

Exxon Mobil (NYSE:XOM) last announced its quarterly earnings results on Friday, April 26th. The oil and gas company reported $2.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.19 by ($0.13). Exxon Mobil had a net margin of 10.45% and a return on equity of 18.51%. The business had revenue of $83.08 billion for the quarter, compared to analyst estimates of $79.69 billion. During the same period last year, the firm earned $2.83 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis. As a group, equities analysts expect that Exxon Mobil Co. will post 9.7 earnings per share for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Wednesday, February 14th were given a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Tuesday, February 13th. Exxon Mobil’s dividend payout ratio (DPR) is presently 42.74%.

Insiders Place Their Bets

In related news, VP Darrin L. Talley sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $105.00, for a total transaction of $252,000.00. Following the transaction, the vice president now directly owns 30,189 shares of the company’s stock, valued at approximately $3,169,845. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

XOM has been the subject of a number of research analyst reports. Barclays assumed coverage on Exxon Mobil in a report on Wednesday, April 10th. They set an “overweight” rating and a $147.00 target price for the company. Redburn Atlantic raised shares of Exxon Mobil from a “neutral” rating to a “buy” rating and upped their target price for the stock from $116.00 to $119.00 in a report on Tuesday, January 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $120.00 price target on shares of Exxon Mobil in a research note on Monday, February 5th. Piper Sandler increased their price objective on Exxon Mobil from $130.00 to $145.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Wells Fargo & Company increased their price target on Exxon Mobil from $126.00 to $138.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $132.28.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.